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<br />4938-6770-8028 v1 -36 - <br /> <br />The Operations Services Department employees may receive an additional allowance for <br />replacement of safety boots that need replacement due to wear in order to insure proper <br />protection of the feet. <br /> <br />Section 18. Credit Union <br /> <br /> The City shall maintain a voluntary payroll deduction option for those employees who <br />wish to join the First United Services Credit Union for the purpose of transacting <br />business with said credit union and shall maintain direct deposit of payroll checks for <br />designated financial institutions. <br /> <br />Section 19. Deferred Compensation Plan <br /> <br />The City shall provide a deferred compensation plan. <br /> <br />The City shall contribute one-half percent (.5%) of the employee’s base compensation <br />into a 457 deferred compensation plan. The contribution is tax-deferred, and counts <br />towards the 457 annual maximum deferral as designated by the IRS. Employees without <br />an existing 457 account with a City sponsored provider must establish one in order to <br />receive the City contribution, but no employee contribution to the account is required. <br /> <br />Effective the first full pay period on/after April 1, 2021, the City shall contribute an <br />additional one-half percent (.5%) of the employee’s base compensation, for a total <br />contribution of one percent (1%) into a 457 deferred compensation plan. <br /> <br />Section 20. Educational Incentive Tuition and Book Reimbursement Program <br /> <br />20.1 Educational Incentive [LIMITED REOPENER] <br /> <br />All regular employees having reached step E of their classification's pay range are <br />eligible for educational incentive pay for college degrees earned while employed by the <br />City of Pleasanton provided the degree is awarded from a community college, college or <br />university accredited by the Western Union of Schools and Colleges and is in a <br />recognized academic or professional field as determined by the employer's Department <br />Head and the Director of Human Resources and Labor Relations. Where a degree <br />appears not to be in a recognized academic field the Assistant City Manager shall provide <br />the employee an opportunity to discuss the issue with them before they make their <br />decision. Once made, however, the decision of the Director of Human Resources and <br />Labor Relations shall be final. <br /> <br /> Incentive pay shall be a percentage of monthly base salary as specified below: <br /> <br />Eligible Degree Incentive Pay <br /> <br /> AA 2.5% <br /> BA/BS 5.0% <br /> MS/MA 5.0% <br /> <br />Page 103 of 200